FINTEC

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PROVISION OF FINANCIAL ASSISTANCE

FINTEC GLOBAL BERHAD

Type Announcement
Subject PROVISION OF FINANCIAL ASSISTANCE
Description 
FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]
- QUARTERLY DISCLOSURE PURSUANT TO SECTION 3.0 OF GUIDANCE NOTE 4 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Section 3.0 of Guidance Note 4 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of FINTEC wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, Fintec Capital Sdn. Bhd. (“FC”), a moneylending company, pursuant to its ordinary course of business for the quarter ended 30 June 2024 is set out below:-

 

1. The aggregate amount of outstanding loans as at 30 June 2024 given out by FC are as follows:-

 

Category of Loan Debtors

 

Secured

Unsecured

Total

RM’000

RM’000

RM’000

Corporations

500

-

500

Individuals

-

-

-

Corporations within FINTEC and its subsidiaries (“the Group”)

-

-

-

Related Parties

-

326

326

Total     

500

326

826

 

2. The total borrowings as at 30 June 2024 are as follows:-

 

 

RM’000

Loans given by any corporation within the Group to FC

 660

Borrowings which are secured by any corporation within the Group in favour of FC

-

Other borrowings       

-

Total

660

 

3. The aggregate amount of Loans in default as at 30 June 2024 are as follows:-

 

 

RM’000

At the beginning of the financial year

-

Classified as Loans in default during the financial year

-

Reclassified as performing during the financial year          

-

Amount recovered

-

Amount written off

-

Loans converted to securities

-

Total and net Loans in default at the end of the financial year

-

Ratio of net Loans in default to net Loans or advances

-

 

4. The top 5 Loans (with aggregation of Loans given to the same person or persons connected with each other), setting out (where applicable) as follows:-

 

 

1

2

3

Facility type

Secured

Unsecured

-

Limit (RM’000)

Not applicable

Not applicable

-

Amount outstanding (RM’000)

500

326

-

Security provided

Machinery

None

-

Value of security (RM’000)

592

Not applicable

-

Recipient of loan (related or non-related party)

Non-related party

Related party

-

Terms of repayment (months)

12

6

-

 

This announcement is dated 30 August 2024.



Announcement Info

Company Name FINTEC GLOBAL BERHAD
Stock Name FINTEC
Date Announced 30 Aug 2024
Category General Announcement for PLC
Reference Number GA1-29082024-00094


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